World Bulletin / News Desk
Greece's main public and private sector labour unions will hold a 24-hour strike on Oct. 18 to protest new austerity measures sought by the near-bankrupt country's international lenders, a union official said on Wednesday.
The GSEE and ADEDY unions decided to strike with the Greek government locked in talks with the European Union and International Monetary Fund on new austerity measures in exchange for the next tranche of a multi-billion-euro bailout.
"We want the government to withdraw these horrible measures, which have brought us such misery," said Ilias Iliopoulos, general secretary of public sector union ADEDY. The Oct. 18 nationwide strike will coincide with a European Union summit.
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The figure was slightly lower than analysts had forecast, following a 1.4 percent hike in overall prices in August.
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Investors will also be tracking the start of an EU summit where Brexit will once again be the focus of attention.
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While optimism remains over the world economy and corporate earnings -- helping push global markets to all-time or multi-month highs -- investors moved carefully as they await the next catalyst.
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In its latest forecast, the IMF predicted the Russian economy will expand by 1.8 percent in 2017 and by 1.6 percent in 2018.